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Reference: 20080072
Release date: 18 March 2008

Promoter – Financial Intermediary

Republic of Latvia.

Location

Description

The project will support the National Strategic Reference Framework and investments included in measures identified in three Operational Programmes for the 2007-2013 programming period.

Objectives

The project will assist Latvia in achieving further convergence in the levels of economic and social development with the rest of the EU.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 500 million.

Total cost (Approximate amount)

Up to EUR 5.8 billion.

Environmental aspects

The project will have a number of effects on the environment such as rehabilitation of contaminated sites, environmental protection, improved water and wastewater services. The Bank will require from the promoter to act according to the provisions of the relevant EU directives, including SEA, EIA, Habitats, Birds Directives.

Procurement

The promoter is required to follow the EU public procurement rules (2004/18/EC), if and when appropriate. Projects with values below the EU thresholds will be procured according to national legislation.

Status

Signed - 30/10/2008

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Latvia Urban development Transport Water, sewerage Services Education